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Aud-nzd

AUD retracing...Yesterday, during the live stream, a bearish flag was identified. As the price broke out, the AUDUSD fell to reach the 0.6430 price level. Currently, the AUDUSD has rebounded from yesterday's low, contributed by the climb on the NZDUSD and the weakness of the DXY. Initial consideration was for the AUDUSD to rise toward the 0.65 round number resistance level, on anticipation that the DXY could continue weakening. However, price action suggests that the AUDUSD might not sustain a break beyond the 23.60% Fibonacci retracement level. Look for a continuation of the downtrend, especially if the DXY recovers in strength.
Short
by JinDao_Tai
AUDNZD 1 Hour w/ Updates Ongoing *Not Advice*We have posted a Monthly outlook with weekly, daily 4 hour,1 hour, and 15 min charts on their respective pages so be sure to check those publishes in the related ideas section. I wanted to add a 1 hour so we can all practice multiple timeframe analysis. I'm no pro but I want to use this pair to journal trades not to show off. I's better to journal here vs my own sources due to how nice the platform is. Now, as far as the 1 hour, there's not much difference in our outlook compared to others. I was hesitant about the 4 hour markup due to price being in an oversold position and price being near our green demand zone on that timeframe. However, other timeframes show that price may not be done testing the previous low of the daily-monthly timeframes even if a pullback to test recent 4 hour could work out as well before a reassessment of our short trade. On this 1 hour timeframe we see we are in an overbought scenario with no newer highs and a lower low formed this morning. I don't have a specific price target for this timeframe as of now but we do want to see the previous low be tested or broke before further outlook. I'll update as I go depending on associated timeframe.
Short
by Redimere_91
2
AUDNZD Montly w/ Ongoing Updates *Not Advice*Weekly Economic Analysis: 7/30/23 Pair: AUDNZD GDP (Down: Weaker Currency Up: Stronger Currency) - Aud down NZD up Employment (Down: Weaker Currency / Up: Stronger Currency) - Both up Inflation (Down: Weaker Currency Up: Stronger Currency) - Both Down Interest Rate (Down: Weaker Currency / Up; Stronger Currency) - AUD news week. Both stalemate Balance of Trade (Down: Weaker Currency / Up: Stronger Currency) - AUD down NZD up PMI (Down: Weaker Currency / Up: Stronger Currency) - Services: Both are down - Manufacturing: AUD up NZD down Bias: NZD Stronger Monthly Technical Analysis - Price could be in a range with our bias to the demand zone around 1.03758.
Short
by Redimere_91
AUDNZD Sell signal on the Symmetrical ResistanceThe AUDNZD pair is consolidating on the 1D MA50 (blue trend-line) for 4 straight 1D candles, having formed a 1D Golden Cross last week. Even though that is a technically bullish formation, as long as it doesn't break above the 1.093250 Symmetrical Resistance, a rejection seems more probable. As long as it holds, we will sell and target the Higher Lows trend-line at 1.06200. ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
Short
by TradingShot
8
AUD/NZD to benefit from yield differentials? A strong 2-day rally this week suggests AUD/NZD has printed its swing low at 1.07266. Whilst NZ inflation data was stronger than expected in Q2 and saw AUD/ZD pull back to 1.0800, we suspect it is still lower from the prior reads to allow the RBNZ to hold rates steady with an economy already in a recession. We therefore see today's retracement lower to 1.080 as a potential gift for bulls, and for a move to 1.0900 or even 1.1000 over the coming weeks. The RBA may still have to hike once or more and that could see expectations of a lower RBNZ-RBA cash rate and support AUD/NZD. A break beneath this week's low invalidates the bullish bias.
Long
by CityIndex
AUDNZD: Bullish Cross can take it higher for a new sell entry.AUDNZD is currently forming a Golden Cross on the 1D timeframe, which is technically bullish (RSI = 59.438, MACD = 0.004, ADX = 24.813). The symmetric sequence on the 1D RSI with the February-April phase indicates that the Cross can indeed push the price higher, over Fibonacci 0.618 and then decline to form the Lower Low at the bottom of the long term Channel Up. We are already on a sell since June 7th (see idea below) but we will add another on Fib 0.618 targeting the Channel's bottom (TP = 1.062500) again. Prior idea: ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##
by InvestingScope